Multibagger stock PTC Industries rises over 7500% in five years; ₹1 lakh investment turns to ₹76 lakh | Stock Market News
Multibagger stock: PTC Industries has emerged as a multibagger stock on Dalal Street, offering investors over 7,500% returns in five years. An investment of ₹1 lakh by investors in the company five years ago would have turned to ₹76 lakh today.
Multibagger Returns
PTC Industries share price, which is now trading close to ₹11,675 level, has risen 77% year-to-date (YTD) and 102% in the last year, having given multibagger returns to the investors. PTC Industries share price has risen 75 times from the ₹150 level it traded at in December 2019.
While the company already enjoys strong investor interest, analysts believe adding to its capabilities in the defence space may trigger more upside.
PTC Industries Acquisition Details
PTC Industries recently announced the completion of its acquisition of Trac Precision Solutions.
PTC Industries in its release on 19 December, informed the exchanges and investors about the completion of the acquisition of a100% stake in Trac Precision Solutions pursuant to the share purchase agreement dated October 18, 2024, on the receipt of necessary approval of the concerned authority of the United Kingdom under the National Security and Investment Act 2021 and fulfilment of other conditions as per the Securities Purchase Agreement (SPA).
Analysts see more gains ahead
Analysts at ICICI Securities commenting on the acquisition, said that Trac’s advanced machining technology in our expectation will complement PTC Industries’ capabilities in titanium and superalloy castings. Thus, as per ICICI Securities, PTC would be able to offer complete solutions to its customers while exercising full control over the manufacturing process of complex castings, including aerofoils.
Further, ICICI Securities believes that the acquisition plugs a critical gap in engine-manufacturing technology in India, which may have a profound impact on the indigenisation drive.
ICICI Securities has maintained its BUY ratings on PTC Industries with a DCF-based unchanged target price of ₹20,070. The PTC Industries stock is trading at 37.4 times FY27 estimated earnings per share, as per analysts.
ICICI Securities’ target price of ₹20,070, indicates more than 73% upside for PTC Industries’ share price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
